Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1045 E Grangeville Blvd, Unit 3 Hanford, CA 93230

    Sponsored
    For Sale
    $199,900

    LAND - Hanford, CA

    Lot size:
    1.98 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 27 at 7:06 pm

    Property Features for 1045 E Grangeville Blvd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    RRA
    APN
    014171042000
    Fencing
    Fenced
    Lot size
    1.98 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Raul Cobos
    Raul Cobos

    Century 21 Jordan Link and Company (559) 733-9696

    Listing agent Raul Cobos

    Listing date Feb 24, 2026

    MLS# 233307 Listing URL

    Copyright © 2026 Kings County Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Hanford Land For Sale

    This is an almost 2-acre lot with water and sewer already on the property. It also has a sidewalk, curb, and gutter. An electricity pole is located very close to the property, providing easy access. The lot features a clean dirt pad, making it ready for building. Plans for a 3380 square foot structure are currently being reviewed by the city. The property is located in Hanford, CA, and has convenient access at 1045 E Grangeville Boulevard. The lot size is 1.98 acres. The zoning is RRA. The property is located in Kings County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hanford
    County
    Kings
    State
    California
    Longitude
    -119.629287
    Latitude
    36.341234

    Nearby Similar for Sale

    • New
      $200,000
      0.57 Acres

      Versatile Commercial Property in Hanford

      Commercial property suitable for warehouse, industrial, and office uses.
      10696 Houston Ave, Hanford, CA 93230
      View Details
    • $635,000
      3,206 SF

      Victorian Quadruplex in Downtown Hanford

      Beautiful quadruplex near Hanford's cultural and recreational amenities.
      132 E 10Th St, Hanford, CA 93230
      View Details
    • $1,400,000
      4,178 SF

      Hanford Multifamily Investment Opportunity

      Four updated units on 19.4 acres, potential for fifth unit.
      11544 S 10Th Ave, Hanford, CA 93230
      View Details
    • $1,400,000
      19.40 Acres

      Hanford Multifamily Investment Opportunity

      Four updated units on 19.4 acres in Hanford, California.
      11544 S 10Th Ave, Hanford, CA 93230
      View Details
    • $200,000
      965 SF

      Hanford Commercial Property For Sale

      Versatile commercial property suitable for warehouse, industrial, and office uses.
      10696 Houston Ave, Hanford, CA 93230
      View Details
    • $450,000
      896 SF

      Retail Property in Hanford, CA

      Retail property for sale in Hanford, California.
      11005 S 10Th Ave, Hanford, CA 93230
      View Details
    • $365,000
      1,290 SF

      Mixed-Use Investment in Downtown Hanford

      Mixed-use property with storefront and two residential units.
      122 E 8Th St, Hanford, CA 93230
      View Details
    • $625,000
      9,338 SF

      Downtown Hanford Retail Space For Sale

      Prime retail space in historic downtown Hanford, California.
      216 N Irwin St, Hanford, CA 93230
      View Details
    • $575,000
      3,772 SF

      Fully Leased Retail Investment Opportunity

      Fully leased retail investment with long-term tenants and easy access.
      714 N 11Th Ave, Hanford, CA 93230
      View Details
    • $525,000
      2,400 SF

      Retail Space in Prime Location

      Leased retail space in Hanford's primary retail area.
      505 E 7Th St, Hanford, CA 93230
      View Details
    • $695,000
      11,700 SF

      Hanford Retail Building with Ballroom

      Retail building with showroom, rooms, ballroom, and meeting hall.
      108-112 E 8Th St, Hanford, CA 93230
      View Details
    • $900,000
      15,000 SF

      Freestanding Building in Downtown Hanford

      15,000 SF retail building in downtown Hanford, California.
      123 E 7Th St, Hanford, CA 93230
      View Details

    FAQs

    What type of property is this?
    Commercial land - Almost 2-acre lot with utilities in place, ready to build.
    Where is this commercial land located?
    The property is located at 1045 E Grangeville Blvd, Unit 3 Hanford, CA.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - Almost 2-acre lot with water and sewer connections readily available.; - Building-ready with a clean dirt pad already in place.; - Sidewalk, curb, and gutter already installed.
    (559) 583-7700
    Request Owner's contact information
    1045 E Grangeville Blvd, Unit 3 Hanford, CA 93230
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1045 E Grangeville Blvd, Unit 3
    Hanford, CA 93230
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1045 E Grangeville Blvd, Unit 3 Hanford, CA 93230
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Raul Cobos
    Raul Cobos
    (559) 583-7700 (559) 639-8566
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!